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The Coffee Traders Forum

Weekend Coffee Update
By:Barefoot
Date: Sunday, 29 June 2008, 9:37 am

I'm having a hard time finding anything bullish about this market. Meanwhile, on the Bearish Side:

1. Weather--see your anomaly temperature maps out two weeks.

2. Daily Chart--Closeability last week 51, 43, 71, 69, 35. Average 53.8%. While KCU gained 585 pts on the week. FIVE HUNDRED EIGHTY FIVE Points versus average 53.8% Closeability and NO Closes over 75th percentile? This is bullish?

3. Spread Di. 13 June KCUZ -355 vs. KCU 13680. 27 June KCUZ -355 (unch) vs. KCU 15255 (+1575). Crikey, pass the air sickness bag.

4. Contango Level. When is the last time you saw a Coffee Bull Market go to 200+ coming from 152 vs. -9.3% Contango? Yeesh.

5. Cross Di. Soft.

6. Colombia. See Kahawa Kevin's thoughtful chart. Thanks Kevin.

On We Go,
Barefoot

Responses To This Message

Re: Weekend Coffee Update
met.mike -- Sunday, 29 June 2008, 1:26 pm
Re: Weekend Coffee Update / P.S.
Barefoot -- Sunday, 29 June 2008, 10:17 am